This morning, Barclays Mortgages has announced a new set of age-related criteria for its residential mortgage offerings, hoping to simplifying the mortgage application process for older borrowers. The changes, establish new guidelines for maximum age limits,...
Today, The Mortgage Works (TMW) Nationwide Building Society’s buy-to-let lending only arm released their energy efficiency report for the private buy-to-let rental sector. The latest report from The Mortgage Works explores the energy efficiency of the UK's private...
A couple of weeks ago, our team at Oportfolio Mortgages had the pleasure of welcoming Abi Muazu, business development manager for Barclays mortgages into our Putney mortgage brokerage. As part of our ongoing commitment to building close relationships with mortgage...
Since beginning in 2013, the government led help to buy equity loan scheme has helped thousands of home buyers purchase properties in the UK. The scheme was introduced to help people who otherwise might have struggled to purchase a property, buy a house or an...
Barclays Bank have once again increased their mortgage rates. This time the rates have gone up by by up to 28 basis points across their residential purchase, remortgage and buy-to-let mortgage products. This is just another repetition of the country wide lender...
Virgin Money, the banking arm of Richard Branson's massive business empire, have announced that they have made some big changes to both their residential and buy-to-let products. These changes come as countless other lenders make drastic changes to their...
Only yesterday we reported on NatWest increasing their maximum loan to income affordability and now, as if by magic, another lender follows in suit! Intermediary exclusive lender Accord mortgages have announced that they will be pushing their maximum mortgage...
Financial information company Moneyfacts have released figures this week that show that the average 2 year fixed mortgage deal rate now stands at over 4%! Specifically 4.09%. The highest average rate for almost 10 years. Since the Bank of England increased the...
Big changes have come in for NatWest Mortgage Requirements in the last month, and it's good news for mortgage customers, mortgage advisors, and vendors alike! The new changes cover additional income, speeding up application processing and broadened green...
New mortgage lender Perenna has made headlines today as they have been granted a licence to offer 50 year mortgages to their clients! A 50 year mortgage term would absolutely dismantle the long held understanding that between 35 and 40 year mortgage terms were all...
The office of national statistics (ONS) have confirmed that in July 2022, inflation has risen from 9.4% to 10.1%. This is now the highest it has been in over 40 years, indicating that a recession is almost unavoidable at this time. The Bank of England increased...
In recent months, high mortgage interest rates seem to be the only thing the property market has been speaking about, and for a good reason! Figures released by Moneyfacts last week show that current interest rates are now quickly encroaching rates that we...
We're not going to lie, when we have a client who is permanently employed with a straight forward basic salary and straight forward contracted working hours, we do let out a small and quiet sigh of relief. Not because we can't help with more complicated income...
The Halifax House Price Index have released figures this week that show that in July 2022, house prices fell by 0.1%, the first reduction in house prices that they have seen in 13 months since last June. This drop in house prices, although not enormous, is...
Taking the leap from working for someone to being your own boss is exciting, scary, exhilarating, nerve-wracking, invigorating…all the emotions you can comprehend. Finally, being in control of your own income and own livelihood, to some people, gives you a sense of...
If you have any questions about UK mortgage news or anything you’ve read then please get in touch. We’d love to hear from you.
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